Examples of Italian Notes in a sentence
Notes issued in dematerialised book entry form and cleared through Euroclear Finland Oy ("Euroclear Finland") or Euroclear Sweden AB ("Euroclear Sweden") ("Nordic Notes") and Notes issued in uncertificated and dematerialised book-entry form and centralised with Monte Titoli S.p.A. ("Italian Notes", and together with the Nordic Notes, "Dematerialised Notes") will not be evidenced by any physical note or document of title other than statements of account made by the relevant clearing system.
If the aggregate redemption price of Notes and Italian Notes tendered, pursuant to the Early Redemption Offer and the Italian Redemption Offer, is less than the Net Proceeds allotted to the purchase of the Notes and the Italian Notes, the Issuer shall apply the remaining Net Proceeds for general corporate purposes.
The Italian SPV is subject to the risk of default in payment by the Underlying Debtors, including any failure by the Italian SPV Servicer to collect or recover sufficient funds in respect of the Underlying Claims for the Italian SPV to discharge all amounts payable under the Italian Notes.
Any change in Italian law or regulation may make it more difficult to purchase and/or make collections on the Underlying Claims, which adverse change could cause the Italian SPV severe problems in its attempt to implement its investment objectives, including impairment of its expected recoveries and its ability to meet its obligations to the Issuer in respect of the Italian Notes.
The specific maturity of the Italian Notes acquired by the Issuer from time to time will vary but will in no event be more than five (5) years.
This competition may influence the price paid by the Italian SPV for the Underlying Claims and may also impact the Italian SPV’s ability to acquire enough policies to meet its investment objective, and in turn, its obligations to the Issuer in respect of the Italian Notes.
The lack of diversification in terms of the type of Underlying Claims means that the materialisation of any number of risks adversely affecting those markets as a whole (including but not limited to a severe or extended economic downturn of Italy’s economy) will impact the financial condition of both the Underlying Debtors and the Italian SPV and the ability of the Italian SPV to meet its obligations to the Issuer in respect of the Italian Notes.
O’Brien, the 5th Defendant, related his findings on or about Tuesday April 19th 2016 to both Plaintiffs by the 1st Plaintiff Rev.
Failure of any service provider to carry out its obligations to the Italian SPV could have a materially detrimental effect on the operations of the Italian SPV and potentially its ability to meet its obligations to the Issuer in respect of the Italian Notes.
Additional Information on the Italian Notes Legal Jurisdiction Governing the Italian Notes [ ]Global Statistical Data Referred to Securitised Italian Notes [ ]Legal Nature of the Italian Notes [ ]Yield of the Italian Notes [ ]Maturity Date of the Italian Notes [ ]Additional Representations and Collateral relating to the Italian Notes [ ]Relationship Material to Issue between Issuer and the Italian Notes [ ] 7.